# FDIC FIL-11-2015: Interagency Guidance to Encourage Financial Institution Youth Savings Programs and Address Related Frequently Asked Questions > Federal · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/FDIC_FIL15011 ## Section - **Citation:** FDIC FIL-11-2015 - **Heading:** Interagency Guidance to Encourage Financial Institution Youth Savings Programs and Address Related Frequently Asked Questions - **Jurisdiction:** Federal - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** FDIC Financial Institution Letters / Interagency Guidance to Encourage Financial Institution Youth Savings Programs and Address Related Frequently Asked Questions ## Text NONPUBLIC//FDIC BUSINESS Federal Deposit Insurance Corporation 550 17th Street NW, Washington, D.C. 20429-9990 Financial Institution Letter FIL-11-2015 February 24, 2015 Interagency Guidance to Encourage Financial Institution Youth Savings Programs and Address Related Frequently Asked Questions Summary: The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies), as members of the Financial Literacy and Education Commission (FLEC), together with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), are issuing guidance related to youth savings programs. The guidance uses the term “financial institution” or “institution” to refer to all federally insured depository institutions. Statement of Applicability to Institutions with Total Assets Less Than $1 Billion: This Financial Institution Letter applies to all FDIC-supervised institutions. Distribution: FDIC-Supervised Institutions Highlights: • The guidance is intended to encourage financial institutions to develop and implement programs to expand the financial capability of youth and build opportunities for financial inclusion for more families. It also addresses frequently asked questions that may arise as financial institutions collaborate with schools, local and state governments, nonprofits, or corporate entities to facilitate youth savings and financial education programs. • Many federally insured financial institutions collaborate with schools or other partners to establish youth savings programs that help students open and manage savings accounts. These programs are intended to help young people learn savings habits early and are generally linked to a financial education program. Some research also suggests that experiential learning approaches such as these can positively influence youth long term tions collaborate with schools or other partners to establish youth savings programs that help students open and manage savings accounts. These programs are intended to help young people learn savings habits early and are generally linked to a financial education program. Some research also suggests that experiential learning approaches such as these can positively influence youth long term. • This effort, which is consistent with the FLEC’s National Strategy for Financial Literacy, was not intended to create new industry expectations but rather to clarify how existing guidelines apply in a way that would remove perceived regulatory barriers. Suggested Routing: Chief Executive Officer CRA Officer Contact: Luke W. Reynolds, Chief, Outreach and Program Development, Division of Depositor and Consumer Protection, at lureynolds@fdic.gov or (202) 898-7164 Bobbie Gray, Supervisory Community Affairs Specialist, Outreach and Program Development, Division of Depositor and Consumer Protection, at bgray@fdic.gov or (202) 898-7148 Attachment: Youth Savings Guidance Note: FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at https://www.fdic.gov/news/news/financial/2015/. To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html. Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E- 1002, Arlington, VA 22226 (877-275-3342 or 703- 562-2200). ## Nearby sections - [FDIC FIL-1-2002 FOREIGN ASSETS CONTROL ACT](https://www.frixlaw.com/law-library/statutes/FDIC_FIL02001.md) - [FDIC FIL-1-2010 Employee Compensation Advance Notice of Proposed Rulemaking](https://www.frixlaw.com/law-library/statutes/FDIC_FIL10001.md) - [FDIC FIL-1-2024 Consolidated Reports of Condition and Income for Fourth Quarter 2023](https://www.frixlaw.com/law-library/statutes/FDIC_FIL24001.md) - [FDIC FIL-2-2004 Foreign Assets Control Act](https://www.frixlaw.com/law-library/statutes/FDIC_FIL04002.md) - [FDIC FIL-2-2020 Consolidated Reports of Condition and Income for Fourth Quarter 2019](https://www.frixlaw.com/law-library/statutes/FDIC_FIL20002.md) - [FDIC FIL-3-2003 FILING PROCEDURES](https://www.frixlaw.com/law-library/statutes/FDIC_FIL03003.md) - [FDIC FIL-4-2006 Commercial Real Estate Lending Proposed Interagency Guidance](https://www.frixlaw.com/law-library/statutes/FDIC_FIL06004.md) - [FDIC FIL-4-2021 Revised Guidelines for Appeals of Material Supervisory Determinations](https://www.frixlaw.com/law-library/statutes/FDIC_FIL21004.md) - [FDIC FIL-4-2023 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Severe Winter Storms, Flooding, Landslides and Mudslides](https://www.frixlaw.com/law-library/statutes/FDIC_FIL23004.md) - [FDIC FIL-4-2025 FDIC Statement of Policy on Bank Merger Transactions](https://www.frixlaw.com/law-library/statutes/FDIC_FIL25004.md) - [FDIC FIL-5-2000 Consumer Credit Reporting Practices](https://www.frixlaw.com/law-library/statutes/FDIC_FIL00005.md) - [FDIC FIL-5-2003 LETTER TO STAKEHOLDERS](https://www.frixlaw.com/law-library/statutes/FDIC_FIL03005.md) - [FDIC FIL-5-2021 Frequently Asked Questions Regarding Suspicious Activity Reporting and Other Anti-Money Laundering (AML) Considerations](https://www.frixlaw.com/law-library/statutes/FDIC_FIL21005.md) - [FDIC FIL-6-2000 Special Alert](https://www.frixlaw.com/law-library/statutes/FDIC_FIL00006.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/FDIC_FIL15011. Check the current official text before relying on it. Not legal advice.